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Wednesday, February 24, 2010

Consumer Confidence Led Sell-off

So now the common folks in US starts to doubt.

Consumer Confidence


Confidence


I did a comparison between the S&P 500 monthly chart and the confidence number in below chart. Since market rebounce in last Mar, there are three down months in SPX, i.e Jun 2009, Oct 2009 and Jan 2010. Out of the three, Jun and Oct confidence report shows actual number is less than forecast, and Jan actual number is better than forecast.

SPX vs. Confidence

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